3108 W Tennessee St - Freestanding FOR SALE


Tallahassee, FL 32304- University
$1,347,000 USD
305-609-8698
3108 W Tennessee St, Tallahassee, FL for Sale
$1,347,000 USD
Freestanding - FOR SALE
1/9
null | 6.4% Cap Rate

3108 W Tennessee St
Tallahassee, FL 32304
University


HIGHLIGHTS

  • Recently Renovated (2024)
  • ±5½ Years on a Triple-Net Lease
  • Prime W Tennessee Frontage
  • National Tenant: Avis & Budget
  • 6.4% Cap on Stabilized NOI
  • Established Corridor Co- Tenancy

OVERVIEW

3108 West Tennessee Street is a fully renovated (2024) single-tenant net-lease investment in Tallahassee, Florida. The 820 SF freestanding building is leased to Avis & Budget Rent a Car — a nationally recognized rental-car brand — under a triple-net lease with approximately five and a half years remaining. The property sits along Tallahassee's primary corridor for automotive dealerships and national retailers, with strong frontage on W Tennessee Street and proven co-tenancy that includes Home Depot, Walgreens, Capital City Bank, Mercedes-Benz, AutoZone, and a deep mix of national QSR and convenience operators. NOI of $86,151.24 (based on 2/1/2027) delivers a 6.4% cap rate on the $1,347,000 offering price.

FOR SALE DETAILS

PRICE

$1,347,000 USD

PRICE/SF

$1,643 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Avis/Budget

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

CP

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Sean FeheleyPremier Commercial GroupMore Info
305-609-8698

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Sean FeheleyPremier Commercial GroupMore Info
305-609-8698

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.